Market news, analysis & forecast powered by

Preview Mode

FM Home
> Ubs
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
Decarbonization and Climate Realities: Shaping the Future
Education Center
P2P.org Now Offers Distributed Validator Technology via SSV. Thought Leadership

ubs

Search for a tag
Trending

UBS – Another Tax Fraud Trial on the Horizon

  • France's top court brings UBS back into the dock.
  • UBS was found guilty of offering illegal banking services and money laundering in 2019.
  • The court upheld the guilty verdict but struck down penalties, ordering a new trial.
by Louis Parks
Retail FX

News Nuggets | 7 November: Acuity Adds New MT Feature; eToro Presents SpaceTech Portfolio

  • Also, Travelex appoints a new Global Retail Director; Broadridge introduces AI-enabled tools.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
by Damian Chmiel
Institutional FX

UBS Posts $29 Billion Q2 Profit Induced by Credit Suisse Takeover

  • UBS will absorb the domestic banking unit of Credit Suisse.
  • It is planning to save up to $10 billion by 2026.
by Arnab Shome
Institutional FX

UBS to Shell Out $1.4B over Fraud Claims Related to 2008 Financial Crisis

  • The Swiss bank giant did not admit to any wrongdoing.
  • The DOJ previously settled with other top banks, such as Nomura, RBS and Barclays.
by Solomon Oladipupo
Institutional FX

Swiss Lawmakers’ Probe of Credit Suisse Crash to Kick Off This Week: Report

  • The lawmakers formally agreed to create an investigative commission in early June.
  • Credit Suisse was a troubled banking institution before its collapse in March.
by Solomon Oladipupo
Executives

Credit Suisse’s Execs in Israel Move to Swiss Private Bank EFG: Report

  • The CEO of UBS recently warned about major job cuts at CS' investment banking division.
  • Meanwhile, some top Credit Suisse executives exited after the UBS takeover.
by Solomon Oladipupo
Institutional FX

UBS' CEO Suggests Massive Job Cuts Loom for Credit Suisse's Investment Banking Division

  • The decision is explained by the need to reduce costs.
  • However, UBS does not provide exact figures.
by Damian Chmiel
Retail FX

News Nuggets | 12 June: Nasdaq to Acquire Adenza; A16z's London Office

  • Opensee names new COO; UBS changes Credit Suisse leadership.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
by Finance Magnates Staff
Institutional FX

UBS Completes Credit Suisse Takeover

  • The complex takeover was completed in three months.
  • The merged group now has a balance sheet of $1.6 trillion and assets of $5 trillion.
by Arnab Shome
FinTech

Switzerland Gives $10B Loss Guarantee to UBS for Credit Suisse Takeover

  • The guarantee covers a specific portfolio of Credit Suisse worth about CHF 44 Billion.
  • The Swiss government mediated UBS' emergency acquisition of Credit Suisse in March.
by Solomon Oladipupo
Institutional FX

UBS Expects to Close Credit Suisse Merger by Next Monday

  • Credit Suisse shares and ADS will delist following the merger.
  • Credit Suisse shareholders will receive one UBS share for every 22.48 shares held.
by Arnab Shome
Institutional FX

Swiss Lawmakers Want to Cap UBS Assets Following Credit Suisse Takeover

  • Legislators say the huge amount of assets owned by UBS is a threat to the country.
  • The lender's assets doubled the size of Swiss GDP after the Credit Suisse acquisition.
by Jared Kirui
Institutional FX

UBS' Q1 Profit Dips 52% due to an Increased Legal Provision

  • The bank sided $665 million for litigation fees.
  • Its wealth management unit added $28 billion in new funds.
by Arnab Shome
Institutional FX

Credit Suisse Loses CHF 1.3 Billion in Q1 2023, Resigns From Klein Takeover

  • The controversial write-off of CHF 15 billion AT1 bonds resulted in a one-off profit.
  • However, the adjusted results showed a loss of CHF 1.3 billion.
by Damian Chmiel
Institutional FX

Swiss Lawmakers Reject CHF 109B Guarantee to Credit Suisse

  • The voting was symbolic as it could not overturn the state's decision.
  • Lawmakers are now questioning the country's emergency laws.
by Arnab Shome
Institutional FX

UBS Slashes 36,000 Jobs Following Credit Suisse Takeover

  • UBS leads the layoffs in the finance and technology sector.
  • The massive job cuts started in October 2022.
by Damian Chmiel
Op-ed
Op-ed
FinTech
Op-ed
Op-ed

The Fall of Credit Suisse Gives Wings to PSD2

  • The directive that regulates the field of electronic money institutions is the cornerstone of open banking licensing.
  • The collapse of Credit Suisse has similar indicators in the US to Silvergate and Silicon Valley Bank.
by Ella Rosenberg
Retail FX

News Nuggets | 3 April: GMO's New Investment; Komainu Enhances Custody

  • Also BMLL, Swiss probe and new industry executive moves.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
by Finance Magnates Staff
Institutional FX

Swiss Prosecutors Probe UBS and Credit Suisse Merger

  • The federal prosecutors are concerned about any criminal breaches.
  • The Swiss government backed the acquisition.
by Arnab Shome
Op-ed
Op-ed
Retail FX
Op-ed
Op-ed

Previous Restructuring May Minimise Impact of Credit Suisse Sale on FX Market

  • Traders Looking for Pointers on Euro Prospects Following UBS Acquisition.
  • Swiss Franc Expected to Retain Safe Haven Status.
by Paul Golden
Executives

Ex-UBS CEO Is Back after 2 Years to Lead the Credit Suisse Takeover

  • Ermotti replaces Hamers and returns after a two-year break.
  • Hamers embraced the change and wanted to "serve the interests of the new combination."
by Damian Chmiel
Institutional FX

German Crisis? Deutsche Bank Shares Plummet amid Spike in Default Insurance

  • The German bank's shares plunged 15 percent on Friday.
  • It came after the bank's credit default swaps jumped higher.
by Arnab Shome
Institutional FX

UBS-Credit Suisse Deal Brings Havoc to Global Markets

  • FINMA decided to write off the $17 billion AT1 bonds of Credit Suisse.
  • Saudi National Bank Lost up to $1.2 billion from the deal.
by Arnab Shome
Institutional FX

UBS Agrees to Buy Troubled Rival Credit Suisse for CHF 3B

  • UBS will pay CHF 3 billion and assume up to $5.4 billion in losses.
  • The deal is expected to close by the end of 2023.
by FM Contributors
FinTech

UBS Posts Net Profit of $7.6 Billion in 2022

  • UBS posted US$1.9 billion in profit before tax in Q4 2022.
  • Total revenue decreased YoY in three out of four UBS business divisions.
by Solomon Oladipupo
See more
Next
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}